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FDIC Bars Financial Institutions from Purchasing Insurance Coverage for Civil Monetary Penalties for Directors and Officers: FDIC...

We recently notified you of the FDIC’s Financial Institution Letter 47-2013 , which urges directors and officers of financial institutions to examine their institutions’ directors and officers (D&O) insurance coverage to...more

11/23/2013 - Board of Directors Civil Monetary Penalty Corporate Counsel Corporate Officers D&O Insurance Directors Duty to Defend FDIC Financial Institution Liability Indemnification Professional Liability

Recent Ruling Confirms That Cost of Compliance with a PRP Letter Is Insured Under CGL Policies

In a recent ruling of interest to any company named as a potentially responsible party (“PRP”) at a Superfund site anywhere in the country, the Alabama Supreme Court has followed the majority of state courts and held that a...more

2/8/2013 - CERCLA Commercial General Liability Policies Contaminated Properties Duty to Defend Environmental Remediation Costs EPA PRP Letter Superfund

In Alabama, Cost of Complying with a PRP letter Now Insured Under CGL Policies

In a recent ruling of interest to any company named as a potentially responsible party (“PRP”) at a Superfund site, the Alabama Supreme Court has held that a PRP letter constitutes a “suit” under a comprehensive general...more

1/16/2013 - CERCLA Contaminated Properties Duty to Defend EPA Liability Insurance Notice Requirements PRP Letter Superfund

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